London firms dust off ‘defence manuals’ ahead of private equity offensive January 16, 2024 London’s listed firms have been dusting off “defence manuals” and conducting “dry-runs” in recent months as they prepare to fend off unwanted approaches from private equity houses, insiders have told City A.M..
Square Mile and Me: Katrina Cheverton talks paper rounds, City life and the push for more diversity May 11, 2023 We dig into the memory bank of the City’s great and good: this week, Katrina Cheverton, CEO of recruitment and consulting firm Savannah Group, joins City A.M. for a chat.
Tony Blair’s son Euan raises £65m in funding round for start up August 23, 2021 An education start up founded by Euan Blair, son of former prime minister Tony Blair, has secured £65m in funding. Founded in 2016, Multiverse provides school leavers with apprenticeships and training, helping to secure people work in companies such as Google, Unilever, Facebook and Morgan Stanley. The investment is understood to be part of upcoming [...]
Starling Bank bets on tech to boost growth as much-anticipated IPO looms December 4, 2023 Starling Bank hopes to make technology an "increasingly significant part" of its business model as it ramps up international expansion ahead of an IPO, the chief of the group's software-as-a-service (SaaS) business has told City A.M.
Philip Green’s wife Tina paid £50m by Topshop administrators July 7, 2021 Tina Green, the wife of former retail tycoon Philip Green, received £50m in May from Topshop’s administration. The £50m was lent to Topshop as part of an emergency restructuring in 2019 and secured against a warehouse in Northamptonshire. In the wake of the collapse of parent company Arcadia, the space was sold for £83m, the [...]
City A.M. announces two-year partnership with publisher Reach July 22, 2024 David Higgerson, chief digital publisher at Reach, said the partnership will help the London-listed media group to strengthen its quality business journalism offering.
City A.M.’s Christmas quiz: How well do you remember 2019? December 26, 2019 Hello and welcome to City A.M.’s Christmas quiz of 2019! You’ve eaten more than your fill of turkey, endured your uncle’s excruciatingly detailed explanation of his plans for a new shed, and played as many games of charades as you can possibly manage without exploding at your cousin, who has apparently never seen Jaws. So [...]
HSBC wants to pay top brass Wall Street salaries February 25, 2024 The bank told its investors that it plans to discuss restructuring how Noel Quinn, the firm’s CEO, is remunerated even though his pay nearly doubled last year to £10.6m thanks largely to long-term performance bonuses kicking in.
M&S finance boss heads for the exit September 22, 2019 Marks & Spencer has confirmed it is parting ways with its finance chief less than two years after he took on the role. The retail giant’s group chief financial officer Humphrey Singer is leaving the business in the latest high-profile departure to rock the company. Read more: UK retail sales unexpectedly fall in August Coming [...]
Marks and Spencer shares surge to the top of the FTSE 100 as it smashes analyst expectations May 22, 2024 Marks and Spencer has beaten analysts' expectations, posting a 58 per cent jump in profit before tax for the full year, as chief Stuart Machin reaps the benefits of the high street darling's turnaround plans.